Diversified Investment Partnership v. Department of Social & Health Services
Washington Supreme Court
1Opinion of the CourtDolliver, J.
On July 17, 1984, plaintiff Diversified Investment Partnership (Diversified) entered into an initial agreement to purchase Pioneer Ridge Healthcare (Pioneer), a licensed nursing home in Ferndale, Washington. On August 8, 1984, a formal purchase agreement was signed which conditioned the transaction on plaintiff's receipt of a property reimbursement rate under the Medicaid program sufficient to fund the cost of the transaction.
The Medicaid program is a federal program administered by the State, under which the State of Washington and the federal government share the cost of nursing home care…
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